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Trident

TRIDENT NSE

Key Fundamentals

MicrocapCotton/BlendedTextiles
Market Cap
₹11,868 Cr
Volatility
Low Risk
P/E Ratio
29.99
EBITDA
₹943 Cr
Return on Equity
7.9%
Debt to Equity
0.38
Book Value
₹8.01
EPS
₹0.65
52W High
₹30.94
52W Low
₹21.98

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 56.6%
  • Company's working capital requirements have reduced from 23.6 days to 15.7 days

Weaknesses

3
  • The company has delivered a poor sales growth of 8.14% over past five years.
  • Company has a low return on equity of 8.09% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
-4.07% lower than 3Y
Net Income Growth
1.73% higher than 3Y
Cash Flow Change
-19.56% lower than 3Y
ROE
-1.5% lower than 3Y
ROCE
4.4% higher than 3Y
EBITDA Margin (Avg.)
1.24% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 31d ago
AI opinion · based on fundamentals
Risk medium

Trident Ltd is a ₹12,628 Cr market cap textiles company trading at a PE of 31.6x with declining profitability (TTM profit growth of -9%) and modest 3-year ROE of 8%. The company maintains a healthy dividend payout of 56.6% and has improved working capital efficiency, but faces headwinds from weak sales growth and compressed returns on equity.

Bull Case 7
  • Healthy dividend payout ratio of 56.6% with a current dividend yield of 2.03%, providing income visibility to shareholders
  • Working capital days reduced from 23.6 days to 15.7 days, indicating improved operational efficiency and better cash conversion
  • 10-year stock CAGR of 18% demonstrates long-term wealth creation track record
  • 10-year compounded sales growth of 6% and profit growth of 4% show the company has scaled over a longer horizon
  • 5-year compounded sales growth of 8% outpaces the more recent 3-year figure of 2%, suggesting the business has historically been capable of higher growth rates
  • Price-to-book ratio of 3.08x indicates the market assigns a premium to company assets, reflecting perceived brand or franchise value
  • 5-year compounded profit growth of 3% remains positive despite recent TTM contraction, suggesting cyclical rather than structural decline
Bear Case 8
  • TTM sales growth is negative at -2%, indicating revenue contraction in the most recent period
  • TTM profit growth of -9% signals meaningful earnings deterioration and margin pressure
  • 3-year ROE of only 8% is below cost of equity for most investors, indicating poor capital efficiency
  • PE of 31.6x is expensive relative to the weak earnings growth profile (3-year profit CAGR of -6%), implying a demanding valuation
  • 1-year stock return of -12% and 3-year CAGR of -9% reflect sustained underperformance and negative price momentum
  • 5-year sales growth of only 8.14% is poor for a mid-cap company in a sector with structural growth potential
  • Company might be capitalizing interest costs, which could overstate reported profitability and asset values
  • Stock trades at 2.63x book value despite sub-par ROE of 8%, suggesting valuation is not supported by underlying return metrics

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 28d ago
Positives 2
  • Q1 net profit surges 49.8% Jul 22

    Consolidated net profit rose 49.8% to ₹1,580.9 million in Q1FY26 from ₹1,019.8 million in the previous quarter. Revenue from operations grew 9.4% to ₹17,868.3 million.

  • New CEO appointed for Yarn Jul 23

    Pardeep Kumar Markanday appointed CEO of the Yarn division for Punjab and Madhya Pradesh, effective July 23, 2026, bringing 40 years of industry experience.

Neutral 2
  • ₹323.7 Cr block trade on NSE Aug 7

    A block trade of approximately 13 crore shares at ₹24.9 per share worth ₹323.7 crore was recorded on the NSE, indicating large institutional activity in a single session.

  • 36th AGM approves NCDs, ESOPs Jul 31

    Trident held its 36th AGM on July 31, 2026, approving key resolutions including NCD issuance and ESOPs, chaired by Dr. Anthony DeSa via VC/OAVM.

TL;DR: Trident is delivering strong earnings momentum with a 49.8% jump in Q1 net profit and healthy 9.4% revenue growth. Leadership strengthening in the Yarn division signals operational focus. No material headwinds are visible in recent news, and the large block trade suggests institutional interest. The trend appears improving, though investors should watch whether profit growth sustains in coming quarters.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,494
1,798
1,835
1,682
1,743
1,713
1,667
1,864
1,707
1,787
1,574
1,633
1,787
Expenses
1,262
1,557
1,572
1,477
1,517
1,487
1,453
1,619
1,415
1,573
1,439
1,405
1,487
Operating Profit
231
240
263
205
225
226
214
245
292
214
136
227
300
OPM %
15%
13%
14%
12%
13%
13%
13%
13%
17%
12%
9%
14%
17%
Other Income
11
15
14
18
15
11
15
19
20
17
23
21
17
Interest
32
35
40
49
47
46
35
3
31
25
26
32
30
Depreciation
89
89
90
96
92
92
93
90
93
83
72
70
70
PBT
122
130
146
78
102
99
102
172
188
124
62
146
216
Tax %
25%
31%
25%
24%
28%
16%
21%
22%
25%
27%
28%
30%
27%
Net Profit
91
90
109
59
74
83
80
133
140
91
44
102
158
EPS in Rs
0.18
0.18
0.21
0.11
0.14
0.16
0.16
0.26
0.27
0.18
0.09
0.2
0.31
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,737
3,666
4,625
4,559
5,249
4,728
4,531
6,998
6,332
6,809
6,987
6,701
6,781
Expenses
3,075
2,936
3,740
3,708
4,266
3,882
3,705
5,478
5,386
5,869
6,091
5,832
5,904
Operating Profit
661
730
885
852
983
846
826
1,520
947
940
896
869
877
OPM %
18%
20%
19%
19%
19%
18%
18%
22%
15%
14%
13%
13%
13%
Other Income
34
33
107
63
44
20
-18
16
25
58
75
82
79
Interest
206
145
141
118
112
111
72
86
80
156
130
114
113
Depreciation
321
337
412
404
364
334
337
333
313
365
366
317
295
PBT
168
281
439
392
550
421
398
1,116
579
477
475
520
548
Tax %
30%
14%
23%
32%
32%
19%
24%
25%
24%
27%
22%
27%
—
Net Profit
118
242
337
266
372
340
304
834
442
350
371
377
395
EPS in Rs
0.23
0.48
0.66
0.52
0.73
0.67
0.6
1.64
0.86
0.69
0.73
0.74
0.78
Div. Payout %
26%
19%
22%
28%
40%
53%
60%
22%
42%
52%
50%
68%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
509
509
498
498
498
498
510
510
510
510
510
510
Reserves
947
1,927
2,259
2,228
2,475
2,523
2,819
3,335
3,683
3,806
4,111
4,262
Borrowings
2,580
3,503
2,849
2,798
2,436
1,991
1,562
1,597
1,442
2,126
1,635
1,829
Other Liabilities
472
591
578
639
747
764
881
1,048
1,194
1,122
904
937
Total Liabilities
4,507
6,529
6,184
6,163
6,156
5,776
5,772
6,489
6,829
7,563
7,161
7,537
Fixed Assets
2,864
4,693
4,345
3,902
3,717
3,681
3,791
3,713
4,094
4,608
4,455
4,340
CWIP
222
62
123
177
132
145
64
83
368
88
53
39
Investments
31
72
105
115
198
128
1
2
0
49
0
258
Other Assets
1,390
1,702
1,611
1,969
2,109
1,822
1,915
2,691
2,366
2,819
2,653
2,899
Total Assets
4,507
6,529
6,184
6,163
6,156
5,776
5,772
6,489
6,829
7,563
7,161
7,537
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
544
532
999
476
656
1,214
505
903
1,426
287
945
760
Investing
-114
-1,199
-167
-188
-51
-43
-155
-343
-1,160
-728
-205
-676
Financing
-432
667
-808
-268
-643
-862
-570
-387
-410
340
-682
-137
Net Cash Flow
-2
1
23
20
-38
309
-220
172
-144
-100
57
-53
Free Cash Flow
362
-591
852
274
551
1,053
175
551
650
-351
719
461
CFO/OP
88
81
122
67
78
160
79
77
168
44
118
104
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
20
25
30
37
46
21
36
27
16
22
16
13
Inventory Days
142
191
127
148
152
156
185
143
117
147
126
128
Days Payable
41
47
28
27
28
34
54
50
58
50
34
39
Cash Conversion Cycle
120
169
128
158
169
143
167
121
75
119
107
103
Working Capital Days
-28
-15
-5
-4
9
-22
-10
13
12
25
30
16
ROCE %
11%
9%
10%
9%
12%
10%
10%
23%
12%
10%
9%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.25%Promot.73.68%FIIs3.17%Others3.28%Public19.62%As ofJun 2026

Documents

1
Concall - May 2026 May 2026
2
Concall - Nov 2025 Nov 2025
3
Concall - Jul 2025 Jul 2025
4
Concall - May 2025 May 2025
5
Concall - Jan 2025 Jan 2025

Frequently Asked Questions about Trident

What does Trident Ltd do?
Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals[1]
Where is Trident Ltd (TRIDENT) listed?
Trident Ltd trades as TRIDENT on the NSE and under code 521064 on the BSE.
Which sector does Trident Ltd belong to?
Trident Ltd is classified under the Consumer Discretionary sector, in the Textiles & Apparels industry.
What is the market capitalisation of Trident Ltd?
Trident Ltd has a market capitalisation of ₹11,868 Cr, which places it in the Mid Cap band.
What is the PE ratio of Trident Ltd?
Trident Ltd trades at a PE ratio of 29.99, on earnings per share of ₹0.65, against a book value of ₹8.01 per share.
What is the 52-week high and low of Trident Ltd?
Over the last 52 weeks Trident Ltd has traded between ₹21.98 and ₹30.94.
Does Trident Ltd pay dividends?
Trident Ltd has a dividend yield of 2.12%.
What is the Return on Equity (ROE) of Trident Ltd?
Trident Ltd reported a return on equity of 7.90%. Its debt-to-equity ratio is 0.38.

Company Information

Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals[1]

Website tridentindia.com
CEO Mr. Samir Joshipura PGD
Employees 13,804
Listed 2001-02-21
Face Value ₹ 1
Issued Size 5,09,59,55,670

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